GBPJPY Clean Naked Trading
200 PIPS snag maybe, but this can be a potential.
Simple:
Support and resistance zone.
Bear trend is coming to an end and I believe the market will go up to 135.000
Why that area?:
Market made that area previously into a resistance area so that will be my take profit zone.
When I drew the Fib retracement down wards i saw that price react to the zone I boxed out.
This is where price will most likely test before shooting back up.
Simple:
Support and resistance zone.
Bear trend is coming to an end and I believe the market will go up to 135.000
Why that area?:
Market made that area previously into a resistance area so that will be my take profit zone.
When I drew the Fib retracement down wards i saw that price react to the zone I boxed out.
This is where price will most likely test before shooting back up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.